Pinnacle Non Current Assets Total vs Non Currrent Assets Other Analysis

0KIT Stock   92.21  0.34  0.37%   
Pinnacle West financial indicator trend analysis is much more than just breaking down Pinnacle West Capital prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Pinnacle West Capital is a good investment. Please check the relationship between Pinnacle West Non Current Assets Total and its Non Currrent Assets Other accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Pinnacle West Capital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Non Current Assets Total vs Non Currrent Assets Other

Non Current Assets Total vs Non Currrent Assets Other Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Pinnacle West Capital Non Current Assets Total account and Non Currrent Assets Other. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Pinnacle West's Non Current Assets Total and Non Currrent Assets Other is -0.24. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Pinnacle West Capital, assuming nothing else is changed. The correlation between historical values of Pinnacle West's Non Current Assets Total and Non Currrent Assets Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Pinnacle West Capital are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Non Current Assets Total i.e., Pinnacle West's Non Current Assets Total and Non Currrent Assets Other go up and down completely randomly.

Correlation Coefficient

-0.24
Relationship DirectionNegative 
Relationship StrengthInsignificant

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
Most indicators from Pinnacle West's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Pinnacle West Capital current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Pinnacle West Capital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Tax Provision is likely to gain to about 138.1 M in 2024
 2021 2022 2023 2024 (projected)
Gross Profit1.7B1.7B1.8B1.8B
Total Revenue3.8B4.3B4.7B3.1B

Pinnacle West fundamental ratios Correlations

0.670.30.780.590.770.70.30.750.66-0.260.67-0.26-0.260.640.610.50.33-0.990.620.550.180.96-0.93-0.090.34
0.670.70.860.790.981.00.70.980.88-0.281.0-0.23-0.280.810.990.730.63-0.591.00.890.320.85-0.81-0.340.71
0.30.70.540.610.620.681.00.640.72-0.350.69-0.17-0.350.690.710.960.93-0.310.720.770.720.44-0.53-0.530.66
0.780.860.540.710.920.890.540.910.72-0.330.87-0.2-0.330.670.820.660.46-0.720.830.680.270.89-0.8-0.230.49
0.590.790.610.710.760.80.610.760.85-0.470.78-0.13-0.470.820.730.70.57-0.540.790.790.680.7-0.68-0.430.52
0.770.980.620.920.760.990.621.00.84-0.290.98-0.29-0.290.760.960.690.54-0.70.960.810.260.92-0.85-0.320.69
0.71.00.680.890.80.990.680.990.87-0.31.0-0.23-0.30.810.980.720.6-0.630.990.880.310.87-0.82-0.320.69
0.30.71.00.540.610.620.680.640.72-0.360.69-0.17-0.360.690.710.960.93-0.310.720.770.720.44-0.53-0.520.66
0.750.980.640.910.761.00.990.640.85-0.280.99-0.3-0.280.770.960.690.56-0.670.970.820.270.91-0.85-0.330.71
0.660.880.720.720.850.840.870.720.85-0.340.87-0.19-0.340.890.850.780.72-0.620.880.910.510.77-0.84-0.270.57
-0.26-0.28-0.35-0.33-0.47-0.29-0.3-0.36-0.28-0.34-0.28-0.181.0-0.44-0.24-0.44-0.390.27-0.28-0.34-0.51-0.290.220.01-0.13
0.671.00.690.870.780.981.00.690.990.87-0.28-0.24-0.280.790.990.720.61-0.590.990.870.30.85-0.8-0.350.71
-0.26-0.23-0.17-0.2-0.13-0.29-0.23-0.17-0.3-0.19-0.18-0.24-0.18-0.07-0.21-0.14-0.10.26-0.2-0.1-0.07-0.280.340.57-0.43
-0.26-0.28-0.35-0.33-0.47-0.29-0.3-0.36-0.28-0.341.0-0.28-0.18-0.44-0.24-0.44-0.390.27-0.28-0.34-0.51-0.290.220.01-0.13
0.640.810.690.670.820.760.810.690.770.89-0.440.79-0.07-0.440.780.770.74-0.610.820.940.540.72-0.79-0.160.52
0.610.990.710.820.730.960.980.710.960.85-0.240.99-0.21-0.240.780.710.65-0.520.990.90.260.8-0.77-0.320.72
0.50.730.960.660.70.690.720.960.690.78-0.440.72-0.14-0.440.770.710.9-0.510.740.780.760.59-0.67-0.420.59
0.330.630.930.460.570.540.60.930.560.72-0.390.61-0.1-0.390.740.650.9-0.350.660.820.680.42-0.58-0.360.53
-0.99-0.59-0.31-0.72-0.54-0.7-0.63-0.31-0.67-0.620.27-0.590.260.27-0.61-0.52-0.51-0.35-0.55-0.5-0.24-0.910.910.09-0.29
0.621.00.720.830.790.960.990.720.970.88-0.280.99-0.2-0.280.820.990.740.66-0.550.910.330.81-0.78-0.350.72
0.550.890.770.680.790.810.880.770.820.91-0.340.87-0.1-0.340.940.90.780.82-0.50.910.460.69-0.76-0.230.61
0.180.320.720.270.680.260.310.720.270.51-0.510.3-0.07-0.510.540.260.760.68-0.240.330.460.2-0.3-0.560.33
0.960.850.440.890.70.920.870.440.910.77-0.290.85-0.28-0.290.720.80.590.42-0.910.810.690.2-0.94-0.180.51
-0.93-0.81-0.53-0.8-0.68-0.85-0.82-0.53-0.85-0.840.22-0.80.340.22-0.79-0.77-0.67-0.580.91-0.78-0.76-0.3-0.940.17-0.48
-0.09-0.34-0.53-0.23-0.43-0.32-0.32-0.52-0.33-0.270.01-0.350.570.01-0.16-0.32-0.42-0.360.09-0.35-0.23-0.56-0.180.17-0.61
0.340.710.660.490.520.690.690.660.710.57-0.130.71-0.43-0.130.520.720.590.53-0.290.720.610.330.51-0.48-0.61
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Pinnacle West Account Relationship Matchups

Pinnacle West fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding112.8M112.9M113.2M113.4M113.8M105.8M
Total Assets18.5B20.0B22.0B22.7B24.7B14.0B
Short Long Term Debt Total5.8B6.9B8.2B8.9B10.3B10.8B
Other Current Liab594.7M638.5M652.7M670.7M727.7M521.1M
Total Current Liabilities2.1B1.4B1.8B1.8B2.9B1.4B
Total Stockholder Equity5.4B5.6B5.9B6.0B6.2B4.1B
Property Plant And Equipment Net14.4B15.4B16.6B17.4B19.0B10.5B
Net Debt5.8B6.9B8.2B8.9B10.3B10.8B
Retained Earnings2.8B3.0B3.3B3.4B3.5B1.8B
Accounts Payable346.4M318.6M393.1M430.4M442.5M310.2M
Cash10.3M60.0M10.0M4.8M5.0M4.7M
Non Current Assets Total17.4B18.8B20.5B21.0B22.7B12.9B
Non Currrent Assets Other97.0M92.9M97.9M1.9B1.9B1.1B
Cash And Short Term Investments10.3M60.0M10.0M4.8M5.0M4.7M
Net Receivables408.1M432.8M508.1M608.3M659.3M448.2M
Liabilities And Stockholders Equity18.5B20.0B22.0B22.7B24.7B14.0B
Non Current Liabilities Total10.8B12.9B14.2B14.8B15.5B8.4B
Inventory345.9M334.3M367.2M450.6M493.5M518.2M
Other Current Assets265.7M371.3M665.9M686.8M769.1M807.6M
Other Stockholder Equity(9.4M)(6.3M)(6.4M)(5.0M)(8.2M)(7.8M)
Total Liab12.9B14.3B16.0B16.6B18.4B9.8B
Total Current Assets1.0B1.2B1.6B1.8B1.9B1.1B
Accumulated Other Comprehensive Income(57.1M)(62.8M)(54.9M)(31.4M)(33.1M)(34.8M)
Short Term Debt927.4M243.8M542.4M496.6M1.6B1.6B
Common Stock2.7B2.7B2.7B2.7B2.8B2.4B
Current Deferred Revenue64.9M48.3M42.3M41.8M42.0M73.5M
Short Term Investments515K2.9M63.5M5.7B38.6M36.7M
Intangible Assets290.6M282.6M273.7M258.9M267.1M219.9M
Other Assets2.9B1.03.7B3.4B3.9B2.7B
Long Term Debt4.8B4.6B4.8B6.3B7.3B5.4B
Treasury Stock(5.6M)(4.8M)(9.4M)(6.3M)(5.7M)(5.9M)
Property Plant Equipment14.3B15.3B16.5B17.3B19.9B14.3B
Other Liab6.0B6.2B6.6B6.4B7.4B6.8B
Net Tangible Assets5.1B5.4B5.6B5.8B6.7B5.8B
Deferred Long Term Liab1.3B1.1B1.2B1.3B1.2B994.6M

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